Lloyds Metals & Energy’s shares rose 9.3% to a new high of Rs 799 during today’s intraday session, after favorable market reaction to the company’s June quarter results. Lloyds Metals & Energy specializes in sponge iron (DRI), power generation and iron ore mining, and is Maharashtra’s largest coal-based DRI manufacturer.
The firm recorded its best quarterly performance ever in June, both operationally and financially. Revenue for Q1 FY25 grew by 23% year on year to Rs 24,231 million, driven by increasing quantities of sponge iron and iron ore. In Q1 FY25, EBITDA increased by 32% year on year, matching sales growth.
The company’s net profit increased from Rs 4,033 million to Rs 5,574 million in the previous year, a 38.2% rise. In the June quarter, revenue from pellet trade increased significantly to ₹2,128 million.
As of 2:23 pm, Lloyds Metals & Energy shares were trading 6.50% higher at Rs 779.
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